North Carolina-based Anchor Capital Management Company acquired 717,772 shares of Hillman Solutions, contributing to an $8.0 million increase in their position. The firm reported holding 1.42 million HLMN shares valued at $13 million, ranking as the fourth-largest holding. Hillman Solutions shares were priced at $8.99 on November 14, down 9% over the past year.

Anchor Capital Management Company disclosed a significant increase in their stake in Hillman Solutions, adding 717,772 shares during the third quarter. This buy raised Hillman Solutions to 11.2% of Anchor Capital Management Company’s 13F assets under management. The company offers hardware products, fasteners, wall hangings, safety items, and more under proprietary brands.

Hillman Solutions reported record net sales of $424.9 million in the third quarter, up 8% year over year. Adjusted EBITDA reached $88 million, rising from $64.8 million a year earlier. Management raised full-year adjusted EBITDA guidance to $270-$275 million. The company’s stock has underperformed the S&P 500, priced at $8.99 as of November 14.

The Motley Fool has no position in any of the stocks mentioned but recommends Hillman Solutions, Lindblad Expeditions, and Vital Farms. Hillman Just Posted a Record $425 Million in Quarterly Sales, and One Fund Bought 718,000 Shares, originally published by The Motley Fool.

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